2 story building with finished lower level, consisting of restaurant/bar/cabaret and separate grocery store, located in the heart of Corona, Queens. Built in 1987 and completely renovated in 2010 (total renovation cost over $1.5 million). Both the grocery and the restaurant/bar/cabaret are occupied. This offering represents a superb opportunity to capitalize on soaring rents and interests in the neighborhood.
*CAN BE DELIVERED VACANT* Lot Dimensions: 45.4 ft. x 100 ft. (approx.) Building Dimensions: 45.5 ft. x 61 ft. (approx.) Stories: 2 Building Square Footage: 7,271 sq/ft (approx.) Zoning: M1-1 Taxes (16/17): $23,218
Current Cap 4% Projected 7% Cap
For more information contact: Andrew Markowitz 917-548-9533 or John Bizik at 347-285-9814
Photos coming soon
Building Type: Retail
Cap Rate: 7>
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